Offered as a package sale, this opportunity includes three parcels zoned Residence C. The left parcel (3,228 SF) was previously improved with a two-family home and is identified as potentially developable, subject to city approval. The right parcel (4,994 SF) was formerly improved with a six-family home and is listed as potentially developable with the city.The rear parcel (3,563 SF) is improved with a warehouse/office building, most recently used as a photography studio. The space features a large open area with tall ceilings, a well-preserved 1980s kitchen used for photoshoots, and additional office/support space on the second level. This versatile layout lends itself well to creative, studio, or content-production uses, among other possibilities.A unique investment opportunity located near MGM Springfield, the Naismith Memorial Basketball Hall of Fame, and the many amenities of downtown Springfield. Buyer to verify zoning, development potential, and intended use.
36 Loring Street, Springfield, MA, 01105
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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